Australia shares set to open higher on bullish Fed comments, China rebound
SYDNEY, July 30 (Reuters) - Australian shares are set to open higher on Thursday tracking gains on Wall Street after the U.S. Federal Reserve said the economy was continuing to strengthen. The resources sector is likely to see solid gains after a rebound on the Chinese stock market lifted oil and copper prices overnight. Major mining stocks could support the market after their ADRs rose overnight. The local share price index futures rose 33 points or 0.6 percent to 5,606.0, an 18.2-po